Decisions on how you spend your money can signal key traits about your personality, according to a new study. People who tend to be neurotic typically spend less on mortgage payments than others, for instance.
On the theory that consumers use money to express themselves as individuals, researchers at University College London and Columbia University analyzed spending by more than 2,000 consumers in the U.K. who agreed to provide their financial data for analysis. Overall, the researchers analyzed more than 2 million spending records, including purchases made at Amazon and British supermarkets like Tesco. The paper was recently published in Psychological Science, a journal of the Association for Psychological Science.
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